First Financial Bankshares Is Still Not A Buy After A 27% Correction

Sheen Bay Research
3.51K Followers

Summary

  • The margin will likely be the chief contributor to an earnings decline this year.
  • First Financial Bankshares’ risk level is high because of large unrealized losses on the securities portfolio.
  • The year-end target price suggests a sizable downside from the current market price. Further, FFIN is offering an unattractive dividend yield.
Texas

KeithBinns

The market price of First Financial Bankshares, Inc. (NASDAQ:FFIN) has corrected by around 27% over the last twelve months, partly due to the large unrealized losses on the Available-for-Sale securities portfolio. Despite the correction, the stock is still not a buy, in my opinion. Further, the

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